A I R S h a r e

A Workforce Globalization Blog

AIRINC News: AIRINC featured in Mobility magazine

Mar 02, 2020 @ 11:10 AM / by Gerald Abbey

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AIRINC is featured in the February edition of Mobility, a magazine that "examines the key issues affecting the global mobility workforce." This article appears on page 10, the "Tips and Trends" section, and is entitled Housing Markets on the Rise—and Not. 

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Housing Markets on the Rise in Berlin, Busan, and Madrid

Feb 24, 2020 @ 07:45 AM / by Patrick Benedetti

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Berlin rents increased over the past year. Demand is growing from new start-up companies and larger international companies establishing headquarters in Berlin. Construction of new rental units is underway but expected to take a few more years before appearing on the market.

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Venezuela’s Hyperinflation & Dollarization

Feb 17, 2020 @ 01:53 AM / by Alex Davis

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For years, Venezuela’s currency (currently the VES, was VEF) was the only currency legal to use within the country. However, with hyperinflation and a rapidly depreciating currency, using the VES was often difficult. Although not technically legal, transactions would often still occur using U.S. dollars, as it is a stable currency.

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Consumption Tax in Japan: What you need to know

Feb 10, 2020 @ 11:59 AM / by Morgan Grenier

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Japanese consumption tax is an indirect tax on goods and services, similar to value-added or sales taxes. Tax increases in Japan are notoriously unpopular and changes to the consumption tax have faced long delays and political battles. On October 1, the general consumption tax rate in Japan was raised from 8% to 10%, with a secondary tax tier of 8% for food products meant to be consumed at home. This increase had been delayed multiple times since its initial implementation date in 2015. The last consumption tax increase, from 5% to 8% in 2014, had been the first in 17 years.

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Major Tax Reform in Costa Rica

Jan 29, 2020 @ 06:05 AM / by Jeremy Piccoli

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As of October 1, 2019, Costa Rica is implementing major tax reform. This began on July 1, 2019 and the changes implemented then included increased progressive tax rates on employment income, with the top marginal tax rate increasing from 15% to 25%. Costa Rica is changing the tax year, switching from a tax year beginning October 1st to a tax year beginning January 1st.

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Is rental inflation drawing to an end in Dublin?

Jan 13, 2020 @ 06:27 AM / by Lakeisha St. Joy

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Rents are stabilizing in Dublin following a long period of inflation. Vacancy rates are still very low, and it can be difficult to find a one- to two-bedroom apartment in the city. There are a number of new developments, but progress is slow. Some companies buy blocks of buildings to renovate for employees, which decreases overall rental stock.

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Global Mobility News: The latest in housing, tax, and goods & services [2019: Q4]

Jan 07, 2020 @ 03:24 PM / by Patrick Benedetti

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Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments. These highlights are based on our expert international surveys, which are conducted on location by our global data collection team.

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Housing Markets on the Rise in Argentina, Canada, and Guyana

Nov 13, 2019 @ 03:00 AM / by Patrick Benedetti

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Rents increased in Neuquen due to higher demand and low vacancy rates. Real estate agents have clients on waiting lists for apartments, and rentals are not listed for long before being rented. Construction projects are underway for new apartment buildings, which should help increase the number of 2-3-bedroom apartments. However, with growing expatriate demand, rents may increase over the next 6-12 months.

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Social Security contributions have changed in China

Nov 07, 2019 @ 12:30 AM / by Jeremy Piccoli

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China has implemented measures that generally reduce social security contributions. The reductions are primarily targeting employer contributions to the social insurance programs and are part of a multi-year effort to unify pension systems at the national level. However, the social insurance wage base has increased in Shanghai, resulting in an increase in employee contributions to social security for Shanghai taxpayers. The net effect is a reduction in income tax for Shanghai taxpayers as the increased employee social contributions are deductible.

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Have these housing markets hit bottom?

Oct 30, 2019 @ 07:00 AM / by Andrew Morollo

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Construction of new apartments and houses over the last four years has created a large rental supply in Santa Cruz. Lower demand for these rentals has resulted in dropping rents. Vacancy rates are high at all but the most popular apartment buildings. Construction continues, with more 2-3-bedroom apartments planned to enter the rental market in the next 6-18 months. However, sources believe rents have likely reached their lowest point.

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